Press release 088 / 2014-03-11: German exports in January 2014: +2.9% on January 2013

WIESBADEN – Germany exported goods to the value of 90.7 billion euros and imported goods to the value of 75.7 billion euros in January 2014. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 2.9% and imports by 1.5% in January 2014 on January 2013. After calendar and seasonal adjustment, exports increased by 2.2% and imports by 4.1% compared with December 2013.

The foreign trade balance showed a surplus of 15.0 billion euros in January 2014. In January 2013, the surplus amounted to 13.6 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 17.2 billion euros in January 2014.

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 16.2 billion euros in January 2014, which included the balance of services (+1.9 billion euros), factor income net (+6.2 billion euros), current transfers (–4.7 billion euros), and supplementary trade items (–2.2 billion euros). In January 2013, the German current account showed a surplus of 10.6 billion euros.

In January 2014, German enterprises exported goods to the value of 54.5 billion euros to the Member States of the European Union, while they imported goods to the value of 48.3 billion euros from those countries. Compared with January 2013, exports to the EU countries increased by 5.3% and imports from those countries by 3.6%. Goods to the value of 35.1 billion euros (+3.2%) were dispatched to the Euro area countries in January 2014, while the value of the goods received from those countries was 33.5 billion euros (+4.0%). In January 2014, goods to the value of 19.4 billion euros (+9.1%) were dispatched to EU countries not belonging to the Euro area, while the value of the goods which arrived from those countries was 14.7 billion euros (+2.6%).

Exports of goods to countries outside the European Union (third countries) amounted to 36.2 billion euros in January 2014, while imports from those countries totalled 27.4 billion euros. Compared with January 2013, exports to third countries decreased by 0.4% and imports from those countries by 1.9%.